297 PORTMEIRION LN, Castle Rock, CO 80104
Your Dream Home Awaits – Modern Luxury and Breathtaking Views! This contemporary and spacious residence is calling your name! With four beautifully designed bedrooms and four well-appointed bathrooms, this property epitomizes modern luxury. At the heart of this home is a gourmet kitchen equipped with stainless steel appliances, granite countertops, and a walk-in pantry – a true haven for culinary enthusiasts! The property also features a finished garage with durable epoxy flooring, an electric vehicle (EV) charging station, and an impressively large 35-foot middle bay, perfect for extra storage or additional vehicle parking. Efficiency meets comfort with energy-saving attic fans, a versatile large loft area, a conveniently located upstairs laundry room, and new plush carpeting throughout the upper and basement levels. The primary bedroom suite is a sanctuary of relaxation, boasting a luxurious 5-piece ensuite bathroom and a spacious walk-in closet. Step outside to enjoy a serene upper deck and a spacious, recently refinished lower patio – ideal for hosting gatherings or simply unwinding. The backyard is an oasis of natural beauty, offering stunning views of picturesque sunsets and majestic mountain landscapes. The exterior has been recently painted, ensuring the home is as pristine on the outside as it is on the inside. Conveniently located with easy access to I-25, downtown Castle Rock, grocery stores, schools, parks, trails, and Plum Creek Country Club, this move-in-ready home is just waiting for you to call it "home."
You may be able to put down less than the total down payment amount of $327,712 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #8219056
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